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Keith Schaefer spoke to Resource Investing News at VRIC about a variety of topics, including the ongoing glut in the oil market and what he thinks the future holds for major and junior oil companies. He also touched on LNG in British Columbia.

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Hinto Energy, Inc. (OTCMKTS:HENI) is focused on acquiring U.S. oil and natural gas producing assets primarily located in the Rocky Mountain Basins. The company specifically targets properties that have proven oil and gas reserves with the potential for further exploration and development.

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The long-term outlook for Oil is positive and the worlds largest Oil producers are confident that the next few years will see a return to robust demand growth. The main growth markets for the metal are the BRIC countries, but demand from Western economies is expected to rise as well. The automotive and aerospace industries are seen as the main catalysts for new growth as manufacturers seek to reduce fuel consumption by creating lighter weight vehicles.

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